Diamonds: The Jewelry of Roberto Demeglio, De Beers’ Big Move & More

September 27, 2012byJennifer Heebner

Carats & Coils

The work of Italian jewelry designer Roberto Demeglio was introduced to U.S. clients of Beny Sofer in New York City just earlier this year, and Sofer has already placed the line in 70 stores nationwide. Signature Demeglio looks include ­diamond-accented ceramic numbers that resemble dominoes and patented stretchable bracelets and rings that are drenched in diamonds, like the wide cuff pictured here. Pieces are made in 18k gold and the stretchable styles feature a patented stainless-steel coil system that’s concealed beneath the bling, allowing pieces to “slide on easily, stay on firmly, and never lose elasticity,” according to the company.

Moving On

For nearly 80 years, De Beers sorted its diamonds in an ornate building on London’s ­Charterhouse Street. No more.

De Beers’ Botswana building

On Aug. 14, the De Beers Group announced that its worldwide diamond aggregation has moved to Gaborone, Botswana, two months ahead of schedule. The move is part of a new sales agreement between De Beers and the Botswana government that eventually will move the entire Diamond Trading Co. to Botswana, where it will conduct its famed sights. The DTC move is due to be completed by the end of 2013.

The change of headquarters will mean “$6 billion of diamonds will flow through Botswana,” a statement said, turning it into an “international diamond center.”

In a statement, De Beers Group CEO Philippe Mellier called this “a proud day for De Beers.”